|
number of twenty, shall have one vote for every share so
held.
6. AND BE IT ENACTED, That it shall and may be
lawful for the said president and directors to call and demand
from the said subscribers respectively, all sums of money by
them subscribed, in instalments not exceeding two dollars and
fifty cents on each share, under the pain of forfeiture of their
shares, and of all previous payments made thereon, to the said
president, directors and company; Provided, that no such de-
mand shall be made without two months previous notice being
given in two or more newspapers published in Frederick coun-
ty; And provided also, that no more than one such payment
snail be called for or required in the term of three months.
7. AND BE IT ENACTED, That the president and di-
rectors, and subordinate agents of the said company, shall sev-
erally take an oath before some justice of the peace of said
county, that they will faithfully and diligently perform the du-
ties of their respective stations, according to the best of their
skill and judgment, and the subordinate agents shall moreover
give satisfactory security to the president of said company, be-
fore they shall be permitted to act as such.
8. AND BE IT ENACTED, That the said president and
directors shall have full power and authority to make all by-
laws, rules and regulations for the well ordering and conduct-
ing of the business of the company, and such by laws, rules and
regulations, to alter change and annul at their pleasure, but e-
very such by law. rule or regulation, may be. altered or repealed
by the stock-holders, at a general meeting to be called for that
purpose by any ten or more stockholders, provided that there be
present at such meeting stockholders holding, one hundred shares,
or their proxies, and that four weeks notice be given in two or
more newspapers printed in the county of Frederick of such
meeting, and of the alteration or repeal intended to be propos-
ed thereat.
9. AND BE IT ENACTED, That the said president and
directors shall have power to appoint and remove at their plea-
sure, all clerks, superintendants, agents, or other officers, ne-
cessary for carrying on the business of the said company; to
dispose of its funds or property in the manner hereinafter di-
rected, and to fix and pay out of the funds of the said compa-
ny, the compensation of all such agents, superintendants,
clerks or officers, to make such, contracts, purchases or agree,
ments of all such matters and things in behalf of the said com-
pany, and of all such privileges, permissions, rights and advan-
ges, of every kind and nature whatever, us they shall judge
necessary for completing in an effectual and proper manner
the introduction, distribution, and supply of water to the town
of Emmitsburgh, with any individual, companies, firms or cor-
porations, and to use and dispose of any surplus, water to the
best interest and advantage of the said company, and all such
contracts to rescind, alter, abridge or enlarge, with consent of
the parties thereto respectively, and to lease, sell, convey,
transfer and bind, by their contracts, deeds and writings, under
the hand of the president and the seal of the company, all the
property, estate, common stock, and joint funds of the said
company, subject to the ratification of the stockholders or a
majority of them at some general meeting, it' the value of the
|
Dec. Sess.
1815.
Instalments.
Proviso.
Oaths.
By-laws &c.
Subordinate
officers, con-
tracts.
|
